The fact that President Tony Tan Keng Yam eventually won to become the nation’s seventh president, showed that the general population were trusting and generally supportive of the local administration.
(PRWEB) October 05, 2011
Although the Singapore government never gave an outright endorsement during the Presidential Elections, it was clear who its preferred candidate was. The fact that President Tony Tan Keng Yam eventually won to become the nation’s seventh president, showed that the general population were trusting and generally supportive of the local administration, says leading Singapore company registration specialist, Rikvin.
With recent violence and bloody riots in Southeast Asian countries such as the 2009 Red Shirt conflict in Thailand and Papua riots in Indonesia on August 2011, Singapore’s relative political stability and calm stands out in stark contrast for democracies in the region.
Political climate is not the only factor working in the city-state’s favour. The Siemens Green City Index, a collaborative study with Siemens and the Economist Intelligence Unit and Centre for Liveable Cities, awarded Singapore Asia’s greenest city in February 2011.
Apart from environmental standards, Singapore also represents a captivating convergence of East and West. The corporate atmosphere in the country is thoroughly cosmopolitan, making it attractive for the international business community. Its legislation also lets foreign entities exercise full control over a company in terms of ownership and management.
As a former British colony, its legal and financial structures also bear close resemblance to the United States and the United Kingdom. Major international banks, multinational organisations and financial institutions all over the world have their subsidiaries or headquartered branches in Singapore, often designating the country as a centre of their Asian operations.
All these socio-economic traits make Singapore the gateway to larger markets such as China and India, being strategically situated at the tip of the Malaysian Peninsular.
In the wake of America’s debt ceiling crisis and the European Union’s on-going fiscal policy struggles, this is a trend likely to continue as more businesses and investors make the eventual move towards Asia and all the business potential that it represents.
Rikvin offers business solutions for both local and foreign investors and entrepreneurs. The firm’s specialties include company registration services, offshore company setup, incorporation and other related corporate services. Rikvin also provides professional services on accounting, taxation, immigration and application of Singapore work visa for foreign workers to work and relocate in Singapore. For enquires on local business compliance issues, visit our website at http://www.rikvin.com/.
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines: (65) 6438 8887